PAYLOCITY HOLDING CORPORATION
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $269.7M | $227.1M | $206.8M | $140.8M | $90.8M | $70.8M | $64.5M | $53.8M |
| Depreciation & Amortization | $111.8M | $99.6M | $76.4M | $60.9M | $50.2M | $43.0M | $37.9M | $34.6M |
| Depreciation | $20.0M | $20.6M | $20.7M | $18.5M | $16.2M | $15.9M | $16.1M | $15.4M |
| Amortization | $21.3M | $19.1M | $10.4M | $10.9M | $8.8M | $3.8M | $2.5M | $2.3M |
| Stock-Based Compensation | $138.7M | $142.8M | $146.0M | $147.3M | $96.2M | $63.1M | $47.5M | $38.8M |
| Net Cash from Operating Activities | $533.3M | $418.2M | $384.7M | $282.7M | $155.1M | $124.9M | $112.7M | $115.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $36.2M | $13.1M | $18.0M | $21.9M | $18.1M | $9.5M | $16.6M | $11.3M |
| Business Acquisitions | $49.2M | $277.9M | $12.0M | $0 | $107.6M | $15.0M | $16.7M | — |
| Net Cash from Investing Activities | $-154.8M | $-455.5M | $-101.9M | $-220.2M | $-479.8M | $48.4M | $-48.8M | $-43.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $398.1M | $149.6M | $150.0M | $0 | $0 | — | — | $35.0M |
| Net Cash from Financing Activities | $9.0M | $-325.8M | $141.6M | $-1.43B | $2.17B | $280.5M | $2.1M | $114.7M |
| Net Change in Cash | $387.4M | $-363.1M | $424.4M | $-1.37B | $1.85B | $453.7M | $66.0M | $186.4M |
| Free Cash Flow | $497.1M | $405.2M | $366.6M | $260.8M | $137.0M | $115.4M | $96.1M | $103.8M |